Related’s CityPlace in West Palm facing default over $150M loan

CityPlace, a shopping center owned by the Related Cos. in downtown West Palm Beach, is reportedly in trouble over its loan — again.

The retail complex’s loan was recently placed in special servicing, which means a third party, in this case C-III Asset Management, will assess if the loan can be rescued or if it should head to foreclosure, the South Florida Business Journal reported.